According to The Kobeissi Letter, since the beginning of 2022, China's 10-year government bond has returned +20.9%, while the US 10-year Treasury note has experienced a decline of -13.4%. This divergence is attributed to a significant drop of 122 basis points in China's bond yield, indicating a potential shift in investor preference and confidence in the Chinese market over the US. Such differences in bond performance are crucial for traders focusing on international bond markets and currency pairs involving USD and CNY.

According to The Kobeissi Letter, China's 10-year government bond has outperformed significantly with a +20.9% return since early 2022, while the US 10-year Treasury note has seen a decline of -13.4%. This divergence is attributed to a substantial decrease in China's bond yield by 122 basis points, impacting trading strategies in international bond markets.

According to Mihir (@RhythmicAnalyst), the correction in the 10-year Treasury bond yield appears to have concluded, with a bounce beginning. This suggests a potential shift in trading strategies as traders might anticipate changes in yield trends affecting bond prices and interest rate expectations.